- Halliburton (HAL +0.8%) expects to take a $75M charge in Q4 as it trims staff following its planned takeover of rival Baker Hughes, a company official said yesterday at Capital One's annual energy conference.
- HAL CFO Mark McCollum, who will lead the integration of the two oilfield service companies, said the regulatory review process to clear the deal with U.S. and European Union authorities has begun in earnest.
- The $35B merger is expected to allow the companies to weather a tougher business environment as oil prices drop and drilling slows.